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The Future of Accounting

July 15, 2021

CRESCO, INAA member in UAE, Philippines and Seychelles, has published this very interesting article on its website www.crescoaccounting.com about the future of accounting. Discover it below.

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"The Accounting profession has not been spared from the effects of the persistent Covid-19 pandemic. For some, the effect of the pandemic presented opportunities for investment in technological advancements whilst for others, it resulted in total disruption to daily business activities thus the accounting function. The seriousness of the effects however, depended on the level of innovation of the accounting function in individual organisations. Needless to say, the risk seekers took this opportunity to think outside the box and improve on current systems and procedures by moving towards virtual accounting.[...]"